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$DOT stuck at a key level — breakout or breakdown next?
DOT has been moving sideways for a while now, sitting around $1.22, and this range is starting to feel like a pressure zone.
Price has been consolidating after a strong move down, but the important thing is — there’s still no real sign of strength yet.
Every attempt to push higher is getting rejected below the $1.60–$1.70 supply zone, and that tells me sellers are still in control on higher timeframes.
Right now, DOT is just chopping inside a range.
But usually, after this kind of compression following a downtrend, the next move tends to follow the original direction — which in this case is still bearish.
Here’s how I’m looking at it:
• $1.60–$1.70 → strong resistance / supply zone
• $1.20–$1.22 → current support being tested
• Breakdown below $1.18 could open further downside
The structure doesn’t show any clean reversal yet. No strong higher highs, no real momentum shift — just sideways movement under resistance.
If DOT loses this range support, the move down could be quick.
Short-term, taking shorts on weak bounces still makes sense as long as price stays below that supply zone.
For bulls, the only thing that changes the picture is a strong reclaim above $1.60+ with confirmation.
Until then, this looks like continuation rather than reversal.
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